9.6 Strategic planning to Improve Iraq’s Bioeconomy
Strategy: Inform Supportive Policies for Biofuels and Bio products
The successful advancement of biofuels and bio products hinges on comprehensive analysis and advocacy to foster supportive policies within this burgeoning industry. Targeting Congress, DOE offices, federal agencies, research, and investment communities is vital. Various factors such as land use, feedstock costs, and safety in the conversion process play key roles in determining volume forecasts, pricing, and stakeholder benefits both in the United States and globally. BETO remains committed to providing a robust analytical framework aimed at maximizing positive environmental impacts in the expanding bioenergy sector. Efforts to collect, analyze, and validate data that enhance existing policy options are essential. For instance, increasing cellulosic ethanol blend levels could revolutionize the market for this established biofuel. A similar strategy, in collaboration with industry and global policymakers, will drive the production and early adoption of emerging biofuels in aviation, where there is significant acknowledgment of societal and environmental benefits from bio based jet fuel. This technical analysis remains crucial not just for the biofuels sector but also for new bio products. Ensuring equitable regulatory support for bio products with positive societal and environmental impacts becomes pivotal during the nation’s transition to the bio economy. BETO’s collaboration with DOE offices and federal agencies will provide analytical and communicative backing for scaling bio based product initiatives and expanding end-use markets. Additionally, BETO aims to raise awareness within the industry and among the public about the myriad benefits of bio refining, biofuels, and bio products. The unit’s ongoing commitment to informing policy decisions and frameworks for developing the bio economy is crucial, particularly in navigating commercial and regulatory risks that could otherwise hinder new product introductions in the short term.